Bally’s Executives to Meet Nevada Gaming Board
Bally’s Corporation, a Rhode Island-based gaming company, has announced its intention to demolish the iconic Tropicana Las Vegas hotel and casino and replace it with a new resort. The company, which acquired the Tropicana property in April 2021 for $308 million, has submitted its plans to the Nevada Gaming Control Board and is scheduled to appear before the board on March 6, 2024.
Bally’s executives, including CEO George Papanier and President and Chief Financial Officer Marc Crisafulli, will present their vision for the new resort, which will feature a 44-story hotel tower with 1,000 rooms, a 125,000-square-foot casino, a 50,000-square-foot convention center, a 2,000-seat theater, and a 12,000-square-foot spa. The new resort will also have a Bally’s Sportsbook and a FanDuel Sportsbook, as well as several dining and entertainment options.
The company expects to start the demolition of the Tropicana in late 2024 and complete the construction of the new resort by 2027. The total cost of the project is estimated at $1.5 billion.
Tropicana Las Vegas: A Historic Landmark
The Tropicana Las Vegas, which opened in 1957, is one of the oldest and most historic hotels and casinos on the Las Vegas Strip. The property, which spans 35 acres, has hosted many legendary performers and celebrities, such as Frank Sinatra, Dean Martin, Sammy Davis Jr., Elvis Presley, Liberace, and Siegfried and Roy.
The Tropicana has also been featured in several classic movies and TV shows, such as Viva Las Vegas, Diamonds Are Forever, The Godfather, and CSI: Crime Scene Investigation. The hotel is known for its tropical-themed decor, its famous pool area with waterfalls and palm trees, and its long-running Folies Bergere show, which ran from 1959 to 2009.
The Tropicana has undergone several renovations and ownership changes over the years, but has maintained its nostalgic charm and appeal. The hotel currently has 1,470 rooms, a 50,000-square-foot casino, a 1,100-seat theater, and several dining and entertainment options.
Bally’s Corporation: A Rising Player in the Gaming Industry
Bally’s Corporation, formerly known as Twin River Worldwide Holdings, is a rapidly growing gaming company that operates 15 casinos, four racetracks, and 13 authorized OTB licenses in 11 states. The company, which was founded in 2004, changed its name to Bally’s in November 2020 after acquiring the Bally’s brand from Caesars Entertainment.
Bally’s has been on an acquisition spree in recent years, expanding its portfolio and footprint across the US. In addition to the Tropicana Las Vegas, the company has also acquired Eldorado Resort Casino Shreveport, MontBleu Resort Casino & Spa, and Bally’s Atlantic City in 2021.
Bally’s has also made significant investments in the online gaming and sports betting space, partnering with companies such as Bet.Works, Monkey Knife Fight, SportCaller, and Gamesys Group. The company has also launched its own Bally Bet app, which is currently available in Iowa and Colorado, and plans to expand to other states soon.
Bally’s aims to become a leading player in the gaming industry, offering a diverse and integrated portfolio of land-based and online gaming, sports betting, and entertainment products and services.
